First Warsaw Economic Seminar of the New Academic Year - 16.10.

On Thursday, October 16, the first Warsaw Economic Seminar of the new academic year will take place. The series focuses on topics in economics and economic policy, and is jointly organized by the Faculty of Economic Sciences, University of Warsaw, and the Warsaw School of Economics. More information about the initiative and the schedule of upcoming events is available at: https://sites.google.com/site/warsaweconseminars/home.

The first guest of the academic year will be Prof. Yaniv Hanoch from the University of Wolverhampton. The professor will present a study entitled: „Are you going to drive it? The role of financial, physical and personal risk perceptions in Autonomous Vehicle choice”.

We cordially invite you to attend the seminar in Room B104 at the Faculty of Economic Sciences. The event will begin at 17:00.

Below, we present an abstract of the presentation.

---

Autonomous Vehicles (AV) are predicted to revolutionize the motor industry, yet concerns over their safety have impacted individuals’ risk perception of this novel technology. While previous work has examined the link between risk perception and intentions to adopt and use AVs, several important limitations—e.g., such as lack of experimental manipulations, focus on a single dimension of risk, and lack of clarity about automation levels—restrict their merit. In three high-power studies (~3,000 participants), we examined how three different types of risks (personal, physical, and financial), three levels of risk (low, medium, and high), and three levels of vehicle automation impact individuals' intentions to drive AVs either alone or with their family. Our results show that personal risk and physical risk significantly impact intentions to use AVs regardless of the levels of risk. Moreover, our studies show that the intention to drive an AV with family members is also significantly lower compared to the intention to drive alone in all three risk domains. Our data, however, revealed to impact of financial risk perception on the intention to drive AV whether alone or with family members. Our work provides important insights regarding the role of risk perception on the intention to adopt novel technologies, as well as the literature indicating that risk perception should not be treated as a unified construct but should be divided into different domains. Moreover, the results suggest that policymakers, AV developers and manufacturers need to address the public risk concerns of this technology for them to adopt and use it.